New Coast Hotel Manila operator International Entertainment Corporation (IEC) has tapped former Playtech and Evoke gaming executive Brian Mattingley as its latest member of the board.
Mattingley, who served as a non-executive chairman of Playtech and CEO of Evoke, joins IEV as a non-executive director, following the resignation of Cheng Hong Wai.
The gaming veteran has been appointed for an initial term of three years, starting March 23rd, at a rate of $80,000 per year.
Regarding the departure of Cheng Hong Wai, IEC indicated that the executive has retired from the group ‘in order to devote more attention and dedication to his other engagements’, expressing ‘its sincere gratitude to Mr. Cheng for his valuable contributions to the company during his tenure of office’.
Cheng has also ceased to be chairman of the Audit Committee, with Danica Ramos Lumawig assuming the role from Monday.
The board changes come at a crucial time for IEC, as upgrades to its integrated resort in Manila are finished, with a hotel reopening targeted for July.
Meanwhile, online gaming operator DigiPlus is taking a strong position in IEC, as it aims to move into the land-based space.
IEC recently reported 2H25 gaming revenue of HK$442.5 million ($56.6 million), up 84.4 percent yearly, with gaming activities accounting for 96.4 percent of the group’s total revenue. Despite the strong revenue, IEC registered a loss of HK$85.8 million in 2H25, narrowing by 9.7 percent yearly.
